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Search Results 0 to 12 of about 13 (some duplicates have been removed)
of the secret weapons north korean spies use. it's a cnn exclusive you don't want to miss. i'm fredricka whitfield. stay with cnn. "your money" starts right now. >> for months i've warned you about the economic storm, of the dangers of going over the so-called fiscal cliff, the one washington created. it seems with the noise of the campaign behind us, washington is listening, which means that after several months of harping on the dangers that you face, i am ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." look, the clet of tthreat of th cliff remains real. i will not drop this subject until it's settled. but there is life after washington-induced catastrophe, and frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turnaround year for the u.s. the start of a recovery that feels real. most of it will have very little to do with washington policy, though your state and federal government will have to step in to make it happen. let me explain. first, there is an energy boom un
do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax wou
to get to work. >> you elected us to focus on your jobs, not ours. >> that's because nothing is more important to our economic recovery than creating jobs. president obama says he'll add 12 million jobs over the next four years. but for his math to work, the pace of economic growth needs to pick up. with a crisis in europe and a slowdown in asia, an economic storm beyond our control stands ready to batter our shores. still, two years of consistent job growth prove we are heading in the right direction, but the fiscal cliff is one storm that will be of our own making unless washington acts. $7 trillion in across-the-board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question? will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of
though an absentee ballot is p differently than the regular vote, you can still use absentee. >> the president is expected to speak at 3:43 eastern time. we'll take that live when it happens. >>> in the meantime, no presidential candidate has not won the white house without winning ohio. mitt romney doesn't plan to be the exception. here he is in cleveland arguing it's time for a change at the top. >> putting aside all the excuses and all the ads and all the attacks, and look at the record. because, you see, talk is cheap. but a record, it's real, and it's earned with real effort. change is not measured in words and speeches. change is measured in achievements. so let's look at that record. >> this was the second of four events romney has scheduled for today. next step for the republican candidate? pennsylvania. >>> be sure to join anderson cooper and wolf blitzer as they take a close look at the candidates' final push before the election in america's choice 2012, countdown to election day. that's right here tonight at 8:00, cnn. >>> on to new jersey now. people who were disp
a decade oversaeg the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start with you, stephen. my good friend, the fiscal cliff is the immediate threat both parties need to come together to fix it because not fixing it would set even conservative fiscal causes back, don't you agree? >> yeah. i think most republicans agree. they don't want to go off this fiscal cliff either, ali. i think the one hang-up in negotiations which will start on tuesday is the president says, look, i was re-elected to raise those tax rates on the rich. you know what the republicans are saying in the snous you no he what? we were reluctant not to raise the tax rates. i think if the president takes the tax rate increases off the table, you can get an agreement on entitlement reform, getting more revenues and doing some kind
damage that america could do itself if washington allows us to go over the fiscal cliff. according to studies, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top
. >> with the debt crisis, our country has, that burden is going to be on us in the future. >> all of the skills i had are obsolete now. >> i'm not up at the white house. i don't see rich people all the time. i see a lot of poor people. >> shut down, closed, reduced wages, ship the jobs overseas. we lost 55,000 factories. >> we're probably never have the things that we did 30, 40 years ago. >> balance the budget. we keep spending more and more. somewhere along the line it's going to come back and haunt us. >> they didn't plan for us. now we have to clean up the mess that they made. >> john avalon joins me now. we have been on that bus from florida through north carolina, through virginia, through and into ohio. the economy is number one concern. once you get into ohio, you're touching a lot of the concerns. in the eastern side of the state where we were, natural gas was an issue. they have fracking. but now this auto and manufacturing stuff is playing. mitt romney ran this ad about the auto companies taking bailout money. manufacturing in china not working for them so well. >> not working for them
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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